US disburses $20 bn Ukraine loan backed by profits from Russian assets

US disburses $20 bn Ukraine loan backed by profits from Russian assets …C0NTINUE READING HERE >>>

The administration of outgoing US President Joe Biden has disbursed a massive loan to Ukraine, shortly before Donald Trump takes office.
Photo: Jim WATSON / AFP
Source: AFP

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by the interest earned on frozen Russian assets, as part of a $50 billion G7 support package.

The money forms a significant chunk of the $50 billion in new loans finalized by Group of Seven advanced economies in October,…

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